Many holiday travelers had hoped to be to their destinations by Thursday night, but hundreds of flights have been delayed or canceled.
Dear Moneyist, I purchased a duplex 20 years ago and am considering selling it. I paid $150,000 for the duplex, and spent about $55,000 on updates and renovations. A real estate agent has suggested selling it for $565,000, as a duplex, or converting it to condominiums and selling each for $300,000. Each unit currently rents for $1,900 per month. There is no mortgage and the largest annual expenses are taxes and insurance which total about $6,000 per year. The property is in good condition and I do not anticipate any major expenses in the near future. There are minor repairs and maintenance throughout the year which typically cost no more than $1,000. Don’t miss: Advisers say most investors can
U.S. figure skater Nathan Chen set an Olympic record with six quad jumps in the men’s figure skating long program on Friday. Chen bounced back after a disappointing turn during the short program that left the skater in 17th place in the 2018 Winter
According to the documents, which were filed on Wednesday and obtained by PEOPLE Friday, Justin Stiegemeyer, Presley’s current business manager who is responsible for “day-to-day finances and paying all of her bills,” disclosed that the 50-year-old had first learned of her debt while her old business manager Provident Financial Management was handling her finances. In the court documents, Stiegemeyer went on to claim that Presley owes almost $50K in credit card debt, although he added that she has been actively paying down the sum and has managed to pay off the debt on certain cards in full.
Wells Fargo investors have learned a lot about the bank’s worsening issues recently, but they should be watching carefully over the next couple of weeks for possibly more bad news — from the bank’s auditors, KPMG. KPMG must opine on Wells Fargo’s WFC, -0.12% internal controls by around March 1, and investors might not like the answer: the very real possibility of an adverse opinion from the auditors identifying material weaknesses in the bank’s controls. On Feb. 2, the Federal Reserve Board released a consent cease-and-desist order that requires the bank to improve its governance and risk-management processes, including strengthening the effectiveness of oversight by its board of directors. The
Last year, Boeing (NYSE: BA) strained its relationship with U.S. airline giant Delta Air Lines (NYSE: DAL) by attempting to have big tariffs imposed on Delta's purchase of CSeries jets from Bombardier. Many pundits saw Boeing's trade complaint as a risky move that could alienate a key customer -- especially after Delta ordered the Airbus (NASDAQOTH: EADSY) A321neo last December instead of Boeing's 737 MAX 10. Delta isn't going to make bad business decisions just to punish Boeing.
Bitcoin Cash had a good start to the weekend, gaining 6.66% on Saturday to end the day at $1,629.5, outshining the likes of Litecoin that is considered to be one of Bitcoin Cash’s main competitors. The gains cement Bitcoin Cash in 4th place in the crypto rankings, with a market cap of $26.95bn, as Litecoin continues to sit a distant 5th with $12.64bn, much depending upon the success of LitePay that’s due for release in a week’s time. Perhaps of significance will be how Bitcoin, Bitcoin Cash, Ethereum and Litecoin fare on Coinbase’s commerce platform, with both businesses and consumers likely to favour one of the four cryptos that Coinbase has included for transactions.
California Lt. Governor candidate Lydia Ortega (R) reacts to the state’s push to give illegal immigrants the right to vote once they get a driver’s license.
In recent years, General Motors (NYSE: GM) has posted consistently strong profits in its two largest markets: North America and China. It's seeming increasingly likely that GM will ultimately have to end its manufacturing operations there to achieve this goal. Management first publicly raised the need for restructuring at GM Korea during General Motors' fourth-quarter earnings call earlier this month.
Warren Buffett's Inc. has taken a real shine to Inc. Berkshire boosted its holding of the iPhone maker to $28 billion at year-end, surpassing its stake in & Co., which was worth $27.8 billion on Dec. 31. Apple has continued to rally this year, increasing the value of Berkshire's stake to $28.6 billion based on Thursday's closing price.
Shares of AmerisourceBergen soared Tuesday on reports that Walgreens is pursuing a complete takeover of the huge drug distributor. The Wall Street Journal reported late Monday that Walgreens Boots Alliance Inc. reached out to AmerisourceBergen Corp. about a potential deal several weeks ago. Walgreens already owns about 26 percent of the company, according to data provider FactSet.
Market crashes are scary. After a long bull market in which the S&P repeatedly hit new record highs, it's hard to see the retirement savings that you've worked for years to save in a 401(k) take a severe hit when the good times come to an end. The key to handling volatility is to be smart about risk management, anticipating worst-case scenarios and adjusting your strategy to allow for them.
MacroMavens President Stephanie Pomboy discusses her concerns over current economic conditions and the Fed’s impact on the stock market.
The OPEC Monthly Oil Market Report is out production data for January 2018. All data, unless otherwise noted, is through January 2018 and is in thousand barrels per day. OPEC crude only production has held steady for three months.
Washington, D.C., has issued a permit allowing Elon Musk's Boring Company to do preparatory and excavation work in what is now a parking lot north of the National Mall. The permit, reported Friday by the Washington Post, was issued way back on November 29th of 2017. The permit is part of an exploratory push by the city's Department of Transportation, which according to a spokesperson is examining the feasibility of digging a Hyperloop network under the city.
MGM Resorts (NYSE: MGM) just opened arguably its most important resort since completing CityCenter in 2009. MGM Cotai will greatly expand the company's presence in Macau with 1,400 hotel rooms, a 2,000-seat theater, and over 300 pieces of contemporary art. Most importantly, MGM Cotai gives MGM Resorts a presence in the lucrative Cotai region of Macau, where the most profitable resorts in Macau are located.
One of the reasons Enbridge (NYSE: ENB) decided to merge with Spectra Energy Partners' (NYSE: SEP) parent company was the impressive asset portfolio and growth prospects of the subsidiary partnership. If there was anything that could prevent the company from realizing its potential, it was the ownership structure in place that made it harder to grow. This past quarter, Spectra Energy Partners and Enbridge addressed that problem with a significant change to its ownership structure.
A federal judge in Delaware has overturned a jury's verdict requiring Gilead Sciences Inc to pay a record $2.54 billion because its hepatitis C drugs Sovaldi and Harvoni infringed a patent held by rival Merck & Co Inc. The verdict had been the largest ever in a U.S. patent case but U.S. District Judge Leonard Stark in Wilmington, Delaware, on Friday ruled Merck's patent was invalid. Gilead in a statement on Saturday said it always believed the patent was invalid and was pleased the judge confirmed that opinion. The December 2016 verdict followed a trial in which jurors found that Merck's patent on hepatitis C treatments, which it acquired in 2014 when it bought Idenix Pharmaceuticals, was valid.
Donald Trump has insisted for more than a year that Russians didn’t try to get him elected. Special Counsel Robert Mueller put an end to those claims on Friday, declaring definitively that they did. A federal grand jury indicted 13 Russian nationals and a so-called “troll farm” in St. Petersburg on Friday for a broad campaign to sway the 2016 election in Trump’s favor.
Winter has officially come for the 2018 Olympics in PyeongChang, and it is epic. Germany’s figure skater Paul Fentz came blazing onto the ice suited up for battle as thunderous music from Game of Thrones played, thrilling the internet to no end.
The shooting at Marjory Stoneman Douglas High School in Parkland, Fla., bore many of the hallmarks of the other school shootings that have shocked the nation over the course of the last weeks, months and years. Among those similarities was the weapon used by accused shooter Nikolas Cruz: the AR-15. This semiautomatic version of the U.S. military’s M-16 infantry rifle and similar weapons have been used in most of the deadliest mass shootings in the last decade, including the one at Sandy Hook Elementary School. In some states like Florida, they’re easier to buy than a handgun.
The Trump administration repeatedly insisted during the Senate’s immigration debate this week that it would not accept any plan that did not incorporate its pillars for reform. By the debate’s end on Thursday, a bipartisan plan that would have provided a long path to citizenship for the Dreamers, significant funding for border enforcement, and some limits on family-based immigration failed to garner enough votes to pass. The president’s preferred bill received far fewer votes, yet again stymying the Dreamers’ 17-year quest for full membership in their nation.
The influenza outbreak that’s killed thousands of Americans and wreaked havoc on the lives of many more seems to have passed its peak and started a slow retreat. While it’s a good sign that flu activity is starting to level off, it’s a far cry from the precipitous drop in doctor visits typically seen when a busy season starts to come to a close. The CDC’s national map of influenza activity offers some hope.
Income investors are always on the lookout for high yield dividend stocks, preferably the kind supported by stable businesses with ample cash flow and a long history of distributing some portion of it to shareholders. Enter Compass Minerals International (NYSE: CMP). You may have never heard of the company, but its business is simple to understand.
Three stocks that I've identified are already prominent holdings in my portfolio: Alphabet Inc (NASDAQ: GOOGL)(NASDAQ: GOOG), Pattern Energy Group Inc (NASDAQ: PEGI), and Starbucks Corporation (NASDAQ: SBUX). In short, it has been a big winner in my portfolio.
Industrial names generally suffer from deep cyclicality which can affect companies operating in areas ranging from machinery to aerospace to construction. As such, the position a company has relative to the economic cycle drives its level of profitability